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ZMMC Holdings LLC Acquires SFR In Miami For $5.1M With Buyer's Rep Simon Fadel - FPG Advising LLC

Property Image
SOLD
$5,100,000

Florida

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Single Family Residence8,856 SF
Sold 02/25/2022
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Property Image
SOLD

ZMMC Holdings LLC Acquires SFR In Miami For $5.1M With Buyer's Rep Simon Fadel - FPG Advising LLC

8505 SW 53 Ave, Miami, Florida 33143, United States

See Similar Deals
Single Family Residence8,856 SF
Sold 02/25/2022
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$575
Total Square Footage:8,856 SF
Transaction Type:Sale

A single-family home located at 8505 SW 53 Avenue in Miami has been sold for a price of $5,100,000. The property spans an area of 8,856 square feet, resulting in a price per square foot of $576. The sale took place on February 25, 2022, and the transaction involved buyer ZMMC Holdings LLC and seller Luis G. Mosquera Living Trust.

Summary of transaction details

  • Property Type: Single-family home
  • Transaction Amount: $5,100,000
  • Address: 8505 SW 53 Avenue, Miami
  • Square Footage: 8,856
  • Price per Square Foot: $576
  • Date: February 25, 2022
  • Buyer: ZMMC Holdings LLC
  • Seller: Luis G. Mosquera Living Trust
  • Buyer's Representative: Simon Fadel - FPG Advising LLC

Simon Fadel from FPG Advising LLC represented ZMMC Holdings LLC in the transaction.

Players

3 deals$14M volume
BROKER

SELLER

Details

SOLD
IMAGE: Simon Fadel DATE: 02/25/2022 ADDRESS: 8505 SW 53 Avenue MARKET: Miami ASSET TYPE SFR BUYER: ZMMC Holdings LLC SELLER: Luis G. Mosquera Living Trust BUYER'S REP: Simon Fadel (@SimonFadel) - FPG Advising LLC SALE PRICE: $5,100,000 SF: 8,856 ~ PPSF: $576

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$271,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,119.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,176.60
Annual Debt Service$290,119.22